Illinois Municipal Retirement Fund grew its holdings in shares of GXO Logistics, Inc. (NYSE:GXO - Free Report) by 152.9% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 53,648 shares of the company's stock after purchasing an additional 32,433 shares during the quarter. Illinois Municipal Retirement Fund's holdings in GXO Logistics were worth $2,334,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors and hedge funds have also modified their holdings of the company. Mount Lucas Management LP lifted its position in shares of GXO Logistics by 2.4% in the third quarter. Mount Lucas Management LP now owns 7,327 shares of the company's stock worth $382,000 after buying an additional 173 shares during the last quarter. Mathes Company Inc. lifted its holdings in GXO Logistics by 0.7% in the 3rd quarter. Mathes Company Inc. now owns 25,475 shares of the company's stock worth $1,326,000 after purchasing an additional 175 shares during the last quarter. Nisa Investment Advisors LLC boosted its position in GXO Logistics by 7.7% during the third quarter. Nisa Investment Advisors LLC now owns 3,064 shares of the company's stock worth $160,000 after purchasing an additional 220 shares during the period. Nomura Asset Management Co. Ltd. grew its holdings in GXO Logistics by 33.3% during the third quarter. Nomura Asset Management Co. Ltd. now owns 1,160 shares of the company's stock valued at $60,000 after purchasing an additional 290 shares during the last quarter. Finally, Pacer Advisors Inc. raised its position in shares of GXO Logistics by 1.1% in the fourth quarter. Pacer Advisors Inc. now owns 30,815 shares of the company's stock valued at $1,340,000 after purchasing an additional 338 shares during the period. Institutional investors and hedge funds own 90.67% of the company's stock.
Wall Street Analyst Weigh In
A number of research analysts recently issued reports on the stock. TD Cowen raised their target price on shares of GXO Logistics from $82.00 to $83.00 and gave the company a "buy" rating in a research note on Wednesday, November 6th. Barclays lowered their price target on GXO Logistics from $52.00 to $45.00 and set an "equal weight" rating on the stock in a research report on Thursday, February 13th. Stifel Nicolaus reissued a "buy" rating and set a $66.00 price objective (down previously from $74.00) on shares of GXO Logistics in a research report on Friday, February 14th. Loop Capital downgraded GXO Logistics from a "buy" rating to a "hold" rating and decreased their target price for the company from $71.00 to $49.00 in a research note on Monday, February 3rd. Finally, Oppenheimer dropped their price target on GXO Logistics from $67.00 to $55.00 and set an "outperform" rating on the stock in a research report on Tuesday, February 18th. Four investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat.com, GXO Logistics currently has an average rating of "Moderate Buy" and an average price target of $57.62.
Read Our Latest Analysis on GXO Logistics
GXO Logistics Price Performance
NYSE:GXO traded down $1.36 during trading hours on Monday, reaching $38.06. The company had a trading volume of 1,205,022 shares, compared to its average volume of 1,117,847. The firm has a market capitalization of $4.55 billion, a PE ratio of 33.98, a PEG ratio of 1.34 and a beta of 1.60. The stock has a 50-day moving average of $43.01 and a two-hundred day moving average of $50.18. GXO Logistics, Inc. has a one year low of $34.51 and a one year high of $63.33. The company has a quick ratio of 0.86, a current ratio of 0.83 and a debt-to-equity ratio of 0.83.
GXO Logistics (NYSE:GXO - Get Free Report) last announced its quarterly earnings results on Wednesday, February 12th. The company reported $1.00 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.94 by $0.06. GXO Logistics had a net margin of 1.14% and a return on equity of 11.16%. Analysts forecast that GXO Logistics, Inc. will post 2.49 earnings per share for the current year.
GXO Logistics Company Profile
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Free Report)
GXO Logistics, Inc, together with its subsidiaries, provides logistics services worldwide. The company provides warehousing and distribution, order fulfilment, e-commerce, reverse logistics, and other supply chain services. As of December 31, 2023, it operated in approximately 974 facilities. The company serves various customers in the e-commerce, omnichannel retail, technology and consumer electronics, food and beverage, industrial and manufacturing, consumer packaged goods, and others.
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